Racial Inequities in New York City’s Property Tax System
The Stoop (NYU Furman Center)
JANUARY 8, 2024
We estimate that if all homeowners were subject to the citywide average effective tax rate during Fiscal Year 2018, homeowners in the neighborhoods with the largest share Black population would have paid about $17 million less in property taxes per year, and the quartile with the smallest share Black population would have paid $10 million more.
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